Autodesk Beats Estimates; Weibo Posts Mixed Results
- August 24th, 2023
- 414 views
Autodesk, Inc. (Nasdaq: ADSK), a leading software solutions provider for the design and engineering industries, reported second-quarter fiscal 2024 earnings of $1.91 per share, exceeding the consensus EPS estimate of $1.72. The company's quarterly sales reached $1.34 billion, slightly surpassing analysts' projected revenue of $1.32 billion.
Looking ahead to its Q3 fiscal 2024, Autodesk expects its EPS to fall within the range of $1.97 to $2.03, compared to the consensus estimate of $1.92 for the period.
$ADSK was trading at $216.78 in pre-market, up $12.42 (+6.08%).
In other news, Weibo Corporation (Nasdaq: WB), a notable social media platform in China, announced second-quarter 2023 earnings of $0.53 per share, surpassing the consensus EPS estimate of $0.51. The company's quarterly revenues amounted to $440.24 million, slightly below analysts' expected revenue of $440.94 million.
In pre-market, $WB was trading at $13.26, down $0.02 (-0.15%).
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